The 14-day BoBC yield fell to 3.51 percent for a paper maturing on August 28, 2013 compared to 3.54 percent in the previous auction. The results of the auction held on August 13 are summarised below.

DATE: August 13, 2013

ISSUE BOBC280813
TOTAL SUBSCRIBED 1 817.583
TOTAL ALLOTMENT (P’MILLION) 1 200.000
STOP-OUT PRICE (P) 99.867
STOP-OUT YIELD (percent) 3.53
SIMPLE RATE (percent) 3.47
WEIGHTED AVERAGE YIELD OF WINNING BIDS (percent) 3.51
SIMPLE RATE FOR WEIGHTED AVERAGE WINNING BIDS (percent) 3.45
WEIGHTED AVERAGE PRICE OF WINNING BIDS (Pula) 99.868
MINIMUM WINNING BID YIELD (percent) 3.48
MAXIMUM BID YIELD (percent) 3.58
DAYS TO MATURITY 14

NOTE: BOBC 280813 – BIDS ABOVE P99.867 RECEIVED FULL ALLOTMENT WHILE BIDS AT P99.867 RECEIVED 61.10 PERCENT OF THE AMOUNT APPLIED FOR.